Being the fourth largest industrial manufacturer in South Korea, LG Group has become one of the most recognizable brands in the world. Today it incorporates 44 different companies with 200 offices in 80 countries, and more than 186.000 employees. Initially, the group was created as a result of a merger of Lucky and Goldstar companies which gave the name to the business. A bit later the name was cut to the abbreviation LG that gave birth to a smart logo: ‘Life’s Good’.
LG boasts significant production facilities in South Korea, China, Indonesia, Russia, the USA, Germany, Taiwan, Italy, Vietnam, India, and some other countries. Despite the location, each agency strictly sticks to the basic foundations in social and environmental areas. Therefore, the use of power-efficient solutions, raw recycling technologies and non-toxic materials are highly encouraged during manufacture process.
To continue, LG Electronics is thought to be the most renowned company in the group’s structure. For many years it has been taking the leading positions in consumer electronics and home appliances markets. LG Home Entertainment and LG Mobile Communications are the two agencies that bring colossal profits on yearly basis.
LG Home Entertainment department specializes in the manufacture of TV and PC displays, OLED TVs, digital video and audio units (DVD recorders/players, Blu-ray units, handheld DVD-players, Hi-Fi systems, karaoke, home theaters), car audio systems, and laptops. This business field is of prime attention, since it brings the highest revenue. Currently, Home Entertainment department focuses on the high-end TVs with the support for 3D, Smart TV and FPR technologies.
In its turn, LG Mobile Communications department focuses on cellular phones, tablets, and smartphones (and bundled accessories) on Android and Windows Phone 7 platforms. Sophisticated approach towards innovations in mobile area allowed the company to introduce the first ever smartphone with 3D display, the first ever smartphone with the brightest display, and the first ever tablet with an integrated 3D webcam.
Furthermore, this department is evolving in the manufacture of 3D displays with the utmost power-efficiency and mainstream multi-processor smartphones. It is also developing smartphones with 4G LTE communication standard support.